For the sixth straight month, home value appreciation was at or exceeded 5%, according to data from Zillow. More specifically, home values rose in April to $158,300.
6 days ago · For the second consecutive month, pending home sales are on the rise, according to the National Association of Realtors. All four major regions generated increases. The Pending Home Sales Index increased 2.8% to 108.3 in June, up from 105.4 in May. Also, year over year contract signings jumped 1.6%, snapping a 17-month.
Pending home sales rebound after 17 months of consecutive declines Jeremy Johnson The nation’s healthy economic environment drove an increase in pending home sales, pushing the index forward 2.8% in June, according to the latest report from the National Association of Realtors .
On the other hand, Experian says the rise in mortgage debt also reflects the skyrocketing home prices buyers have been grappling with over the past few years. In December, home prices rose 5.8 percent.
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Even though June marked the fourth consecutive month of home value increases, overall home prices are still down almost 24% since April 2007, when Zillow began to track home values.
· UPDATE: The 2019 National Housing Forecast Inventory constraints that have fueled a sharp rise in home prices and made it difficult for buyers to gain a.
The price growth rate has been dropping for five consecutive months. San Jose (16 DOM) and Seattle (9 DOM), it took one and two days longer, respectively, for homes to find a buyer this July.
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August marks the fifth consecutive month that annual price gains in the 20-city index decelerated, reinforcing signs that the housing market is cooling. Other recent reports showed purchases of previously owned U.S. homes fell in September to the weakest pace in three years, while new-home sales tumbled to the lowest since December 2016.
The cost of renting a home continued to rise in June even as home values appeared to level off. Rents have gone up nine months in a row. The June Zillow Real Estate Market Report shows the median.
The February 2017 Zillow Home Value Index for single-family, condo and co-op homes in the city of Seattle is $624,700. The Zillow Home Value Forecast for February 2018 is $648,000, an increase of 3.8 percent.